MerVal Trend Analysis
Use this graph to draw trend lines for MerVal. You can use it to identify possible trend reversals for MerVal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MerVal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
MerVal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MerVal applied against its price change over selected period. The best fit line has a slop of 35.82 %
which means MerVal will continue producing value for investors. It has 34 observation points and a regression sum of squares at 1046724.89, which is the sum of squared deviations for the predicted MerVal price change compared to its average price change.